Business Owner Planning
In 2010, there were almost 28 million businesses in the United States*, and about 90% are family owned**. Yet, family business specialists concur that less than one third of these family businesses will survive into the second generation, and about 50% will still be viable in the third generation**. The reasons are varied, but include family conflict, failure to design a proper succession plan and federal estate taxes. To avoid a similar fates, business owners need a plan. We can help you structure and implement a plan to help you toward your objectives in the following areas:
- Business succession planning, which may include dispositions during life and at death
- Executive compensation plans
- Employee group benefits
*U.S. Census Bureau, SUSB, CPS; International Trade Administration; Bureau of Labor Statistics, BED; Advocacy-funded research, Small Business GDP: Update 2002- 2010
**”The Facts of Family Business.” Forbes. Aileron. July 31, 2013. Web. February 10, 2015.